Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Apple Inc. (“Apple”) (NASDAQ: AAPL) securities between June 10, 2024 and June 9, 2025, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made false and misleading statements and/or failed to disclose that: (1) Apple misstated the time it would take to integrate the advanced AI-based Siri features into its devices; (2) accordingly, it was highly unlikely that these features would be available for the iPhone 16; (3) the lack of such advanced AI-based features would hurt iPhone 16 sales; (4) as a result, Apple’s business and/or financial prospects were overstated; and (5) as a result of the foregoing, Defendants’ statements about the company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On November 28, 2025, the Court appointed National Pension Service, on behalf of the National Pension Fund, as Lead Plaintiff, and Kessler Topaz Meltzer & Check as Lead Counsel. The Lead Plaintiff must file an Amended Complaint by January 28, 2026. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check,
LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.